Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    335 1st St Reno, NV 89503-5301

    • Office buildings
    • 5,330 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0424381
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jamie C. Henry / Family Law Attorney / Criminal Justice Attorney
    • Lucky 7 Web Design / Website Designer
    • White Law Chartered / Attorney
    • Dory Terrill R / Attorney
    • Wardwell Accounting / Accountant

    Property Details for 335 1st St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    5,330 SF
    Zone code
    MDPD
    Property type
    Office buildings
    APN
    011-025-02
    APU
    1102502

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $371,000
      Market price range: $348k - $1.09M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.818
    Latitude
    39.525
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,932
    $45,325
    $88,344
    $133,669
    -
    $129,500
    $252,411
    $381,911

    Comparable in this City

    • Value Estimation
      $300,000
      672 SF

      1890 Dickerson Rd

      OFFICE BUILDING • 672 SF
      1890 Dickerson Rd, Reno, NV 89503-4903
      View Details
    • Value Estimation
      $260,000
      2,327 SF

      831 Keystone Ave

      OFFICE BUILDING • 2,327 SF
      831 Keystone Ave, Reno, NV 89503-2501
      View Details
    • Value Estimation
      $285,000
      6,045 SF

      900 1st St

      OFFICE BUILDING • 6,045 SF
      900 1st St, Reno, NV 89503-5675
      View Details
    • Value Estimation
      $220,000
      1,256 SF

      1026 1st St

      OFFICE BUILDING • 1,256 SF
      1026 1st St, Reno, NV 89503-5536
      View Details
    • Value Estimation
      $235,000
      2,375 SF

      527 2nd St

      OFFICE BUILDING • 2,375 SF
      527 2nd St, Reno, NV 89503-5310
      View Details
    • Value Estimation
      $245,000
      3,083 SF

      526 2nd St

      OFFICE BUILDING • 3,083 SF
      526 2nd St, Reno, NV 89503-5309
      View Details

    Similar Nearby for Sale

    • $1,040,000
      2,289 SF

      Remodeled Reno Office Building

      Completely remodeled office building with ample parking and secured storage.
      1121 University Ter, Reno, NV 89503
      View Details
    • $1,300,000
      4,164 SF

      Reno Office Space For Sale

      4,164 SF office space available in Reno, Nevada.
      690 W 2Nd St, Reno, NV 89503
      View Details
    • $810,000
      2,785 SF

      Keystone Avenue Retail and Office

      Retail and office buildings near Truckee River and Idlewild Park.
      143 Keystone Ave, Reno, NV 89503
      View Details
    • $1,595,000
      0.34 Acres

      Reno Development Opportunity

      0.34-Acre Lot Near UNR
      1678 Virginia St, Reno, NV 89503
      View Details
    • $1,237,000
      1,230 SF

      University Terrace Development Site

      Reno Multifamily Land, $1.2M
      208 University Ter, Reno, NV 89503
      View Details
    • $695,000
      1.89 Acres

      Reno Commercial Land - 1.89 Acres

      Prime Reno location, General Commercial zoning, development-ready.
      0 Moraine Way, Reno, NV 89503
      View Details

    Similar Nearby for Lease

    • $7,599,000
      3,385 SF

      MidTown Reno Multi-Tenant Building

      Historic building in Reno's MidTown district with on-site parking.
      1401 S Virginia St, Reno, NV 89503
      View Details
    • Contact for pricing
      72,104 SF

      Reno Medical Office Building

      Prime Medical Office Space - Reno, NV
      343 Elm St, Reno, NV 89503
      View Details
    • Contact for pricing
      32,863 SF

      Reno Office Space Available

      Office space available for rent in Reno, Nevada.
      403-525 Keystone Ave, Reno, NV 89503
      View Details
    • $18 SF/Yr
      12,792 SF

      Downtown Reno Office Space

      Prime Reno location, renovated office suites.
      140 Washington St, Reno, NV 89503
      View Details
    • Contact for pricing
      725 SF

      Office Space Available For Rent

      Office space for rent at 888 W 2nd St, Reno.
      888 W 2Nd St, Reno, NV 89503
      View Details
    • $28 SF/Yr
      4,704 SF

      Reno Office Space Available

      Office space available for lease in Reno, Nevada.
      645 N Arlington Ave, Reno, NV 89503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    335 1st St
    Reno, NV 89503-5301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.